Western Digital (NASDAQ:WDC) Insider Sells $427,941.04 in Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 808 shares of Western Digital stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total value of $427,941.04. Following the sale, the insider directly owned 114,539 shares in the company, valued at $60,663,290.57. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $533.04 on Friday. The company has a 50 day simple moving average of $566.82 and a 200 day simple moving average of $406.62. The firm has a market cap of $183.73 billion, a PE ratio of 31.82 and a beta of 2.11. Western Digital Corporation has a 1 year low of $73.14 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. As a group, research analysts anticipate that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Institutional Trading of Western Digital

Hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. bought a new stake in Western Digital in the fourth quarter valued at $2,270,000. WESPAC Advisors LLC acquired a new stake in shares of Western Digital in the 4th quarter valued at about $793,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Western Digital by 33.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after buying an additional 282,156 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Western Digital in the 4th quarter valued at about $20,889,000. Finally, World Investment Advisors increased its position in Western Digital by 145.8% in the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock valued at $1,025,000 after buying an additional 3,529 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

WDC has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. TD Cowen raised their price objective on Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a research note on Tuesday, May 26th. Jefferies Financial Group set a $575.00 target price on Western Digital in a report on Tuesday, May 26th. Finally, Rosenblatt Securities raised their price target on shares of Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $520.32.

Key Stories Impacting Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Memory stocks rallied across the market, with the Roundhill Memory ETF and semiconductor indexes also advancing. Western Digital participated in the sector-wide rebound as investors returned to AI and data-center hardware names. Memory Stocks Surge. SanDisk Tops S&P 500 Gainers
• Positive Sentiment: Analyst commentary argued that a semiconductor oversupply cycle is unlikely before 2028 because the physical infrastructure needed to create excess capacity is not yet available. That view supports continued pricing power and demand for memory and storage products. Top Chip Analyst on Semiconductor Oversupply
• Positive Sentiment: Strong demand for hard drives and tighter global supply expectations are improving the outlook for Western Digital’s revenue, margins and cash generation. Positive results from Seagate also boosted confidence in Western Digital as a storage-industry peer. Why Is Western Digital Stock Surging?
• Neutral Sentiment: Western Digital’s upcoming earnings report is the next major catalyst. Investors will assess whether AI-driven demand, pricing and supply constraints are translating into higher margins and favorable guidance; Wall Street currently expects year-over-year earnings growth. Western Digital Reports Next Week
• Negative Sentiment: Concerns remain about competition from China’s ChangXin Memory Technologies following its strong market debut, while the broader memory trade has experienced sharp volatility. These factors could pressure valuations if investors begin to expect supply growth or weaker pricing.
• Negative Sentiment: Western Digital insider Cynthia Tregillis sold 808 shares worth approximately $428,000 under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.70% of her holdings, making it a limited negative signal. Western Digital Insider Sale

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.